Can I retire at age 60 with 650,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$53,676$53,198$52,732$52,276$51,832$51,462
2 years$26,572$26,078$25,598$25,133$24,682$24,309
3 years$17,539$17,042$16,564$16,103$15,659$15,295
4 years$13,023$12,528$12,054$11,601$11,168$10,815
5 years$10,314$9,822$9,354$8,911$8,490$8,149
6 years$8,509$8,020$7,560$7,126$6,718$6,390
7 years$7,220$6,735$6,282$5,859$5,463$5,148
8 years$6,254$5,773$5,328$4,915$4,532$4,230
9 years$5,503$5,027$4,589$4,186$3,817$3,527
10 years$4,902$4,431$4,001$3,609$3,252$2,975
11 years$4,411$3,945$3,522$3,141$2,797$2,533
12 years$4,002$3,540$3,126$2,755$2,424$2,172
13 years$3,656$3,200$2,793$2,432$2,114$1,873
14 years$3,360$2,908$2,509$2,159$1,853$1,624
15 years$3,104$2,657$2,266$1,925$1,631$1,414
16 years$2,880$2,438$2,054$1,724$1,442$1,236
17 years$2,682$2,245$1,869$1,549$1,278$1,083
18 years$2,507$2,074$1,706$1,396$1,137$952
19 years$2,350$1,923$1,562$1,261$1,013$838
20 years$2,209$1,786$1,433$1,142$905$739
21 years$2,082$1,664$1,319$1,037$810$654
22 years$1,966$1,553$1,215$943$726$579
23 years$1,861$1,453$1,122$858$652$513
24 years$1,764$1,361$1,038$783$586$455
25 years$1,676$1,277$961$715$527$404
26 years$1,594$1,201$891$654$475$359
27 years$1,519$1,130$828$598$428$320
28 years$1,449$1,065$769$548$386$285
29 years$1,384$1,004$716$503$349$254
30 years$1,323$949$667$461$315$226
31 years$1,267$897$622$424$285$202
32 years$1,214$848$580$390$258$180
33 years$1,164$803$542$358$233$160
34 years$1,117$762$506$330$211$143
35 years$1,074$722$473$303$191$128
36 years$1,032$686$443$279$173$114
37 years$993$651$414$257$157$102
38 years$957$619$388$237$142$91
39 years$922$588$364$219$129$82
40 years$889$560$341$202$117$73
41 years$857$533$319$186$106$65
42 years$828$508$300$172$96$58
43 years$799$484$281$159$87$52
44 years$772$461$264$146$79$47
45 years$747$440$248$135$72$42
46 years$722$419$233$125$65$37
47 years$699$400$219$115$59$33
48 years$676$382$206$107$54$30
49 years$655$365$193$99$49$27
50 years$635$348$182$91$45$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $650,000, adding $4,832 every year, while hoping to spend $49,162 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 67/18/15 Blend
59$650,000$650,000$650,000$650,000
60$721,284$686,834$676,759$766,746
61$742,547$668,181$647,123$779,037
62$764,331$646,966$614,846$786,247
63$786,638$623,012$579,788$792,899
64$809,466$596,132$541,802$798,934
65$832,815$566,125$500,736$804,290
66$856,680$532,783$456,428$808,899
67$881,055$495,883$408,712$812,690
68$905,932$455,191$357,413$815,584
69$931,299$410,457$302,348$817,499
70$957,142$361,419$243,327$818,344
71$983,442$307,801$180,151$818,024
72$1,010,178$249,308$112,611$816,434
73$1,037,324$185,632$40,491$813,463
74$1,064,848$116,445$0$808,992
75$1,092,714$41,402$0$808,730
76$1,120,878$0$0$813,995
77$1,149,291$0$0$826,087
78$1,177,896$0$0$846,499
79$1,206,627$0$0$866,982
80$1,235,409$0$0$887,479
81$1,264,157$0$0$907,927
82$1,292,773$0$0$928,254
83$1,321,147$0$0$948,377
84$1,349,156$0$0$968,204
85$1,376,660$0$0$987,631
86$1,403,500$0$0$1,006,541
87$1,429,500$0$0$1,024,802
88$1,454,461$0$0$1,042,266
89$1,478,162$0$0$1,058,769
90$1,500,354$0$0$1,074,127
91$1,520,759$0$0$1,088,133
92$1,539,068$0$0$1,100,558
93$1,554,934$0$0$1,111,145
94$1,567,974$0$0$1,119,610
95$1,577,759$0$0$1,125,634
96$1,583,812$0$0$1,128,866
97$1,585,603$0$0$1,128,912
98$1,582,545$0$0$1,125,338
99$1,573,984$0$0$1,117,659
100$1,559,196$0$0$1,105,339